• PersonalDevKit@aussie.zone
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      1 year ago

      The stock price will fall if we don’t make more money then we did last year.

      • But why?

      Because we are legally obliged to do what is best for shareholder, or they can sue us.

      • Right so the company needs to make more money again and again and again until the company or the world dies

      About sums it up

      • Immersive_Matthew@sh.itjust.works
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        1 year ago

        Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.

      • pufferfischerpulver@feddit.de
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        1 year ago

        I think it’s a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more. Seems alright with me tbh.

        But nowadays it just seems like a fucking casino.

        • J Lou@mastodon.social
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          1 year ago

          It isn’t a great idea even in theory. Even ideally, workers inalienable rights to appropriate the fruits of their labor and to democracy are still violated. These rights flow from the moral principle that legal and de facto responsibility should match. In a company, employees are jointly de facto responsible for using up the inputs to produce the outputs, but receive 0% of property rights and liabilities. The employer is held solely legally responsible resulting in a mismatch

    • Slotos@feddit.nl
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      1 year ago

      Tissue. A cancer tissue.

      Cells are expendable in pursuit of infinite growth.